Price has broken out of the ascending channel and is forming a bear flag pattern , hence looking to enter short Thank you to all those who have sent me private message and been following me. Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators. And started to earn good profits as I have told you on...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.096). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
AS WE CAN SEE THERE IS A BREACH AT 1.09604. AND AS YOU SEE ASIA HIGH AND ASIA LOW DIDN'T ABLE TO BREAK PREVIOUS DAY NY HIGH AND LOW. AND AT 12:30 LONDON SESSION WILL OPEN. IF LONDON SESSION ABLE TO BREAK ASIA HIGH THEN WE ARE IN CLEAR DIRECTION. AND FUNDAMENTALS SAYS THAT AUD IS STRONG AND NZD IS WEAK TODAY. THE RED LINE IS LIKE A FOOD WHICH NEED TO BE DIGESTED...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.102). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trade Setup summary: Profit targets=863 pip (60 + 110 + 173 + 230 + 290) Stop Loss =120 pip Reward/Risk > 7.2 : 1 Current Status: Total Profit: 649 pip Closed trade(s): 649 pip Profit Open trade(s): 0 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 : Closed...
Trade Setup summary: Profit targets=659 pip (45 + 72 + 137 + 191 + 214) Stop Loss =140 pip Reward/Risk > 4.7 : 1 Current Status: Total Profit: 309 pip Closed trade(s): 117 pip Profit Open trade(s): 192 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 : Closed Profit: TP1 @...
Trading suggestion: . There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. ...
AUDNZD can bee good buy if take support on this trend line
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.06300). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. ....
The counter is travelling in both support trend line and an accumulation phase from 28th June and 26th June respectively. We can still maintain long because the counter didn’t break the support trend line. The bullish trend still exists in this counter. We can also go for a swing trade in the accumulation phase between the ranges 1.0715 to 1.0678. If the counter...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0673). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...